Newgate Capital Global Resources Portfolio Powers to a Five Year 11.5% Annualized Return

Newgate Capital Management LLC is pleased to report the five year anniversary of its Global Resources Portfolio. This commodity equity portfolio is available through a number of broker sponsored wrap platforms, institutional separate accounts and commingled vehicles. Through August 31, 2009 the Portfolio's five year annualized return of 11.5% is over 1,000 basis points ahead of the S&P 500 Index and the DJ-UBS Commodity Index. Year to date, the Portfolio is up 46.4%*.

"We launched the Global Resources Portfolio five years ago because we believe that rapidly growing Asian domestic demand would become the dominant factor driving most commodities over the next decade," stated Newgate's Global Strategist James Trainor. "Fundamentally we were correct. Chinese demand now dominates world resource markets, with increasing demand from the rest of the emerging world beginning to surge. The current global recession has actually increased commodity flows into Asia as lower prices encourage nations such as China to restock inventories at a 40-50% discount."

Chief Investment Officer Avy Hirshman sees wide ranging opportunities in the natural resource sector. "The nice thing about our mandate is the flexibility. We invest in a broad spectrum of resources anywhere along the production or extraction chain. We often find values in equipment, service or other related companies. It's a real benefit to invest beyond the underlying raw materials.”

"Buying natural resource equities allows investors to avoid the contango that has diminished returns on most commodity futures," added Investment Director Matthew Peterson. "Some markets, especially natural gas, have been plagued by this steep forward curve that has hurt those who have purchased gas futures or exchange traded funds. Even many sophisticated investors get burned by the technical issues involved with futures contracts."

About Newgate: Newgate Capital Management LLC is an independent, employee-owned investment advisor specializing in emerging markets and commodity related equity management. Based in Greenwich, Connecticut, Newgate provides professional money management services to clients, including major corporations, public and private institutions, individuals and mutual funds. Global market commentary and performance information are available at the company's website: www.newgatecapital.com.

* Net of management fees. Past performance is no guarantee of future results.